Easy processing

You can pay employees or contractors via direct deposit to any financial institution or print checks on your own printer

You'll get get immediate notification if you enter hours significantly different from your last pay period

You'll instantly see the total pay for your hourly employees as you enter their hours

You can preview your payroll before you submit it—and compare it to previous payrolls

Your employees can access, view and print pay stubs online

Intuit supports the processing of multi-state payroll

Payroll is integrated with Small Business Online Banking to get instant access to Online Banking account balances and funds transfers while running payroll

Tax payments and filings

Intuit will send you a notification alerting you to tax payment due dates, will deduct your tax payments when they are due and will pay and file all payroll related forms with the appropriate local, state or federal agency

Tax funds are withdrawn when they are due, not every time payroll is processed—allowing you to hold on to your funds longer

Calculations of federal, state, local and voluntary withholdings are made instantly

Intuit will create and distribute your W2 forms at the end of the year

Intuit will handle payments and 1099-MISC filings for contractors

Accurate and detailed reporting

You get unlimited access to multiple levels of reporting data: payroll summary and details, employee details, tax payments, total costs and more

Reports include calculations for multiple state withholdings and tax calculations for multiple work sites

Employee benefits

In addition to payroll services, you'll be able to provide great benefits to your employees. We'll waive the monthly fee for personal Bank of America Core Checking® accounts for each employee who has at least 1 qualifying direct deposit of $250 or more each statement cycle or maintains an average daily balance of $1,500 or more in the account.Footnote 2Learn more about employee benefits.

Intuit Full Service Payroll® accuracy guarantee

Intuit guarantees the accuracy of its payroll calculations, tax filings, and any paychecks Intuit prepares for you, based on the information you provide and subject to the terms of your agreement with Intuit. If Intuit causes a service error, Intuit will pay any tax penalty, pay the resulting bank fees, and waive the next month’s service fee.

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Intuit Full Service Payroll®: You must have an open Bank of America business checking account to be eligible to access the Payroll Service from Bank of America Online Banking. There is a waiting period of up to 5 business days before you can use direct deposit for the first time. All direct deposits must be approved 2 business days before each payday by 6 p.m. ET. The maximum number of active employees (including contractors) being paid cannot exceed 150. This Payroll Service requires internet access. Internet service provider fees may apply. You may cancel at any time by calling 1.800.627.1071. Terms, conditions, features, availability, pricing, fees, service and support options are subject to change.

Monthly fees: Full Service Payroll is $99 per month plus $2 for each employee or contractor. Additional multi-state payroll processing fees ($10 per state per month) will apply for each state (other than your primary business state) in which you have employees or contractors. The monthly payroll service fees, including multi-state fees, will be charged for each month you are enrolled, whether or not you use the Payroll Service. Additional fees for exceptions processing and other special services may apply during and after the trial period. Pricing does not include applicable sales, use or other tax.

Intuit guarantees the accuracy of its payroll calculations, tax filings, and any paychecks Intuit prepares for you, based on the information you provide and subject to the terms of your agreement with Intuit. If Intuit causes a service error, Intuit will pay the tax penalty, pay the resulting bank fees, and waive the next month’s service fee.

Intuit Full Service Payroll® is a product of Intuit Inc. You must go to the Intuit website to enroll in and use the product. Bank of America is not responsible for the product or the performance of Intuit Inc. Intuit and the Intuit logo are registered trademarks of Intuit Inc., used under license.

2.

Applies to Bank of America Core Checking® accounts only. Bank of America Core Checking® has no monthly maintenance fee with at least one qualified direct deposit of $250 or more or an average daily balance of $1,500, during each monthly statement cycle.

Advertising Practices

We strive to provide you with information about products and services you might find interesting and useful. Relationship-based ads and online behavioral advertising help us do that.

Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have.

If you prefer that we do not use this information, you may opt out of online behavioral advertising. If you opt out, though, you may still receive generic advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.

Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. These ads are based on your specific account relationships with us.

A Detailed Look at Features Available with Intuit Full Service Payroll®Get a detailed look at frequently asked questions associated with full service online payroll services by Intuit® available through Bank of America Small Business.